CNTQW (Chardan NexTech Acquisition 2) EBIT: $-1.08 Mil (TTM As of Jun. 2022)


CNTQW Chardan NexTech Acquisition 2 Corp CNTQW
22 GF Score
Price $0.40
! 2 Warning Signs
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What is Chardan NexTech Acquisition 2 EBIT?

Chardan NexTech Acquisition 2 CNTQW 22 EBIT is $-1.08 Mil as of Jun. 2022. GuruFocus rates CNTQW with a GF Score™ of 22/100. The stock has 2 warning signs investors should review.

Chardan NexTech Acquisition 2's earnings before interest and taxes (EBIT) for the three months ended in Jun. 2022 was $-0.47 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2022 was $-1.08 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chardan NexTech Acquisition 2's annualized ROC % for the quarter that ended in Jun. 2022 was -1.45%. Chardan NexTech Acquisition 2's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 was -4,546.34%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield.

Chardan NexTech Acquisition 2  (NAS:CNTQW) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Chardan NexTech Acquisition 2's annualized ROC % for the quarter that ended in Jun. 2022 is calculated as:

ROC % (Q: Jun. 2022 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2022 ) + Invested Capital (Q: Jun. 2022 ))/ count )
=-1.864 * ( 1 - 0% )/( (128.52 + 128.611)/ 2 )
=-1.864/128.5655
=-1.45 %

where

Invested Capital(Q: Mar. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=129.381 - 0.214 - ( 0.647 - max(0, 0.214 - 0.943+0.647))
=128.52

Invested Capital(Q: Jun. 2022 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=129.191 - 0.317 - ( 0.35 - max(0, 0.317 - 0.58+0.35))
=128.611

Note: The Operating Income data used here is four times the quarterly (Jun. 2022) data.

2. Joel Greenblatt's definition of Return on Capital:

Chardan NexTech Acquisition 2's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2022 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2022 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2022  Q: Jun. 2022
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=-1.864/( ( (0 + max(0.082, 0)) + (0 + max(-0.087, 0)) )/ 2 )
=-1.864/( ( 0.082 + 0 )/ 2 )
=-1.864/0.041
=-4,546.34 %

where Working Capital is:

Working Capital(Q: Mar. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.296) - (0.214 + 0 + 0)
=0.082

Working Capital(Q: Jun. 2022 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0.23) - (0.317 + 0 + 0)
=-0.087

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2022) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Chardan NexTech Acquisition 2's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2022 )
=-1.082/0.000
= %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chardan NexTech Acquisition 2 EBIT Related Terms

Chardan NexTech Acquisition 2 EBIT Historical Data

* Premium members only.

The historical data trend for Chardan NexTech Acquisition 2's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Chardan NexTech Acquisition 2 EBIT Chart

Chardan NexTech Acquisition 2 Annual Data
Trend Dec20 Dec21
EBIT
0.00 -0.36

Chardan NexTech Acquisition 2 Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
EBIT Get a 7-Day Free Trial -0.00 -0.12 -0.24 -0.26 -0.47

CNTQW vs LION, EBAC, MEOA: EBIT Comparison

For the Shell Companies subindustry, Chardan NexTech Acquisition 2's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Chardan NexTech Acquisition 2 EV-to-EBIT vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Chardan NexTech Acquisition 2's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chardan NexTech Acquisition 2's EV-to-EBIT falls into.


CNTQW
22GF Score
Chardan NexTech Acquisition 2 Corp CNTQW
EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Chardan NexTech Acquisition 2 EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Jun. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $-1.08 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EBIT →
What does a EBIT of $-1.08 Mil mean?
Chardan NexTech Acquisition 2 (CNTQW) has a EBIT of $-1.08 Mil as of Jun. 2022. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Chardan NexTech Acquisition 2.
Is Chardan NexTech Acquisition 2's EBIT too high?
Chardan NexTech Acquisition 2's current EBIT is $-1.08 Mil. Overall, Chardan NexTech Acquisition 2 has a GF Score™ of 22/100, reflecting its overall financial health beyond just this single metric.
How does Chardan NexTech Acquisition 2's EBIT compare to LION and EBAC?
Chardan NexTech Acquisition 2's EBIT of $-1.08 Mil can be compared against companies in the Diversified Financial Services industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EBIT for a Diversified Financial Services company?
A good EBIT depends on the Diversified Financial Services industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EBIT mean?
A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Chardan NexTech Acquisition 2. Chardan NexTech Acquisition 2's current EBIT is $-1.08 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Chardan NexTech Acquisition 2 stock overvalued right now?
Chardan NexTech Acquisition 2 (CNTQW) has a current EBIT of $-1.08 Mil. The current EBIT is $-1.08 Mil. Chardan NexTech Acquisition 2's overall GF Score™ is 22/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EBIT calculated?
EBIT is calculated from a company's financial statements. For Chardan NexTech Acquisition 2 (CNTQW), the current EBIT is $-1.08 Mil as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Chardan NexTech Acquisition 2 Business Description

Address 17 State Street, 21st Floor, New York, NY, USA, 10004
Chardan NexTech Acquisition 2 Corp is a blank check company.
22GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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